Trenton Acquisition 10-Q 14 Feb 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Dec. 31, 2013	Feb. 14, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Trenton Acquisition Corp.	'
Entity Central Index Key	'0001527722	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--03-31	'
Document Type	'10-Q	'
Document Period End Date	31-Dec-13	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	5,000,000

Balance_Sheet

Balance Sheet (USD $)	Dec. 31, 2013	Mar. 31, 2013
CURRENT ASSETS:	'	'
Cash	$85	$6,995
Total Current Assets	85	6,995
TOTAL ASSETS	85	6,995
CURRENT LIABILITIES:	'	'
Accounts payable and accrued expenses	1,471	7,346
Loans payable - related parties	47,735	54,429
Note payable - related party	27,103	20,000
Total Current Liabilities	76,309	81,775
COMMITMENTS AND CONTINGENCIES	'	'
STOCKHOLDER'S DEFICIENCY:	'	'
Preferred stock, $.0001 par value; 10,000,000 shares authorized; none issued and outstanding	'	'
Common stock, $.0001 par value; 100,000,000 shares authorized; 5,000,000 shares issued and outstanding	500	500
Additional paid-in capital	24,500	24,500
Subscription receivable	'	-25,000
Accumulated deficit during the development stage	-101,224	-74,780
Total Stockholder's Deficiency	-76,224	-74,780
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIENCY	$85	$6,995

Balance_Sheet_Parenthetical

Balance Sheet (Parenthetical) (USD $)	Dec. 31, 2013	Mar. 31, 2013
Balance Sheet [Abstract]	'	'
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	'	'
Preferred stock, shares outstanding	'	'
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	5,000,000	5,000,000
Common stock, shares outstanding	5,000,000	5,000,000

Statement_of_Operations

Statement of Operations (USD $)	3 Months Ended		9 Months Ended		35 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Statement of Operations [Abstract]	'	'	'	'	'
REVENUES	'	'	'	'	'
GENERAL AND ADMINISTRATIVE EXPENSES	7,173	9,678	25,319	26,765	99,753
(LOSS) BEFORE OTHER EXPENSES	-7,173	-9,678	-25,319	-26,765	-99,753
INTEREST EXPENSE	442	174	1,125	199	1,471
(LOSS) BEFORE BENEFIT FROM INCOME TAXES	-7,615	-9,852	-26,444	-26,964	-101,224
BENEFIT FROM INCOME TAXES	'	'	'	'	'
NET (LOSS)	($7,615)	($9,852)	($26,444)	($26,964)	($101,224)
BASIC AND DILUTED LOSS PER SHARE	'	'	'	'	'
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED	5,000,000	5,000,000	5,000,000	5,000,000	'

Statement_of_Stockholders_Defi

Statement of Stockholder's Deficiency (USD $)	3 Months Ended		9 Months Ended		12 Months Ended		35 Months Ended
	Mar. 31, 2011	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2013
Beginning Balance	'	'	($74,780)	($38,574)	($38,574)	($8,735)	'
Common stock subscription proceeds	'	'	25,000	'	'	'	'
NET (LOSS)	-8,735	-7,615	-26,444	-26,964	-36,206	-29,839	-101,224
Balance	-8,735	-76,224	-76,224	'	-74,780	-38,574	-76,224
Preferred Stock	'	'	'	'	'	'	'
Beginning Balance	'	'	'	'	'	'	'
Beginning Balance, Shares	'	'	'	'	'	'	'
Common stock subscription proceeds	'	'	'	'	'	'	'
Common stock subscription, Shares	'	'	'	'	'	'	'
NET (LOSS)	'	'	'	'	'	'	'
Balance	'	'	'	'	'	'	'
Balance, Shares	'	'	'	'	'	'	'
Common Stock	'	'	'	'	'	'	'
Beginning Balance	'	'	500	500	500	500	'
Beginning Balance, Shares	'	'	5,000,000	5,000,000	5,000,000	5,000,000	'
Common stock subscription proceeds	500	'	'	'	'	'	'
Common stock subscription, Shares	5,000,000	'	'	'	'	'	'
NET (LOSS)	'	'	'	'	'	'	'
Balance	500	500	500	'	500	500	500
Balance, Shares	5,000,000	5,000,000	5,000,000	'	5,000,000	5,000,000	5,000,000
Additional Paid-in Capital	'	'	'	'	'	'	'
Beginning Balance	'	'	24,500	24,500	24,500	24,500	'
Common stock subscription proceeds	24,500	'	'	'	'	'	'
NET (LOSS)	'	'	'	'	'	'	'
Balance	24,500	24,500	24,500	'	24,500	24,500	24,500
Subscription Receivable	'	'	'	'	'	'	'
Beginning Balance	'	'	-25,000	-25,000	-25,000	-25,000	'
Common stock subscription proceeds	-25,000	'	25,000	'	'	'	'
NET (LOSS)	'	'	'	'	'	'	'
Balance	-25,000	'	'	'	-25,000	-25,000	'
Accumulated Deficit During the Development Stage	'	'	'	'	'	'	'
Beginning Balance	'	'	-74,780	-38,574	-38,574	-8,735	'
Common stock subscription proceeds	'	'	'	'	'	'	'
NET (LOSS)	-8,735	'	-26,444	'	-36,206	-29,839	'
Balance	($8,735)	($101,224)	($101,224)	'	($74,780)	($38,574)	($101,224)

Statement_of_Cash_Flows

Statement of Cash Flows (USD $)	9 Months Ended		35 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'	'
NET (LOSS)	($26,444)	($26,964)	($101,224)
ADJUSTMENT TO RECONCILE NET LOSS TO NET CASH USED IN OPERATING ACTIVITIES:	'	'	'
Professional fees paid by related party on behalf of the Company	'	'	13,735
Increase (decrease) in accounts payable and accrued expenses	-5,875	794	1,471
NET CASH USED IN OPERATING ACTIVITIES	-32,319	-26,170	-86,018
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'	'
Proceeds from (repayment of) loans payable - related parties	-6,694	16,000	34,000
Increase in note payable - related party	7,103	10,000	27,103
Increase in capital stock	25,000	'	25,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	25,409	26,000	86,103
NET (DECREASE) INCREASE IN CASH	-6,910	-170	85
CASH, BEGINNING OF PERIOD	6,995	855	'
CASH, END OF PERIOD	85	685	85
SCHEDULE OF NON-CASH FINANCING ACTIVITIES:	'	'	'
Professional fees paid by related party on behalf of the Company	'	'	$13,735

Organization_and_Business

Organization and Business	9 Months Ended
	Dec. 31, 2013
Organization and Business [Abstract]	'
Organization and Business	'
	Note 1 -	Organization and Business
		Business Activity
		Trenton Acquisition Corp., a Development Stage Company, ("the Company") was incorporated in the state of Delaware on January 18, 2011 with the objective to acquire, or merge with, an operating business.
		The Company was organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly traded corporation. The Company’s principal business objective over the next twelve months and beyond will be to achieve long-term growth potential through a combination with a business rather than immediate short-term earnings. The Company will not restrict its potential target companies to any specific business, industry or geographical location. The analysis of business opportunities will be undertaken by, or under the supervision of, the officers and directors of the Company.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Dec. 31, 2013
Summary of Significant Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Note 2 -	Summary of Significant Accounting Policies
		Basis of Presentation
		The accompanying interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted for interim financial statements presentation and in accordance with the instructions to Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statement presentation. In the opinion of management, all adjustments for a fair statement of the results of operations and financial position for the interim periods presented have been included. All such adjustments are of a normal recurring nature. The accompanying financial statements and the information included under the heading Management’s Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with the Company’s audited financial statements and related notes included in the Company’s Form 10-K as of March 31, 2013. Interim results are not necessarily indicative of the results for a full year.
		Use of Estimates
		The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the balance sheet and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
		Cash Equivalents
		The Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. There are no cash equivalents at the balance sheet dates.
		Income Taxes
		The Company utilizes the accrual method of accounting for income taxes. Under the accrual method, deferred tax assets and liabilities are determined based on the differences between the financial reporting basis and the tax basis of the assets and liabilities and are measured using enacted tax rates and laws that will be in effect, when the differences are expected to reverse. An allowance against deferred tax assets is recognized, when it is more likely than not, that such tax benefits will not be realized.
		The Company recognizes the financial statement benefit of an uncertain tax position only after considering the probability that a tax authority would sustain the position in an examination. For tax positions meeting a “more-likely than-not” threshold, the amount recognized in the financial statements is the benefit expected to be realized upon settlement with the tax authority. For tax positions not meeting the threshold, no financial statement benefit is recognized. The Company recognizes interest and penalties, if any, related to uncertain tax positions in income tax expense. As of December 31, 2013, the Company has no accrued interest or penalties related to uncertain tax positions.
		Loss Per Common Share
		Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. The Company does not have any common shares outstanding or potentially dilutive instruments for each of the periods presented.
		Emerging Growth Company
		The Company is an “emerging growth company” and has elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(1) of the JOBS Act. This election allows us to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies.
		Recent Accounting Pronouncements
		Management does not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.

Going_Concern

Going Concern	9 Months Ended
	Dec. 31, 2013
Going Concern [Abstract]	'
Going Concern	'
	Note 3 -	Going Concern
		The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred losses from inception of approximately $101,000, and has negative working capital of approximately $76,000 at December 31, 2013, which among other factors, raises substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon management’s plan to find a suitable acquisition or merger candidate, raise additional capital from the sales of stock, and receive additional loans from related parties. The accompanying financial statements do not include any adjustments that might be required should the Company be unable to continue as a going concern.

Income_Taxes

Income Taxes	9 Months Ended
	Dec. 31, 2013
Income Taxes [Abstract]	'
Income Taxes	'
	Note 4 -	Income Taxes
		As of December 31, 2013, the Company has net operating loss carryforwards of approximately $101,000 to reduce future federal and state taxable income through 2033.
		The Company currently has no federal or state tax examinations in progress nor has it had any federal or state examinations since its inception. All of the Company’s tax years are subject to federal and state tax examination.
		The benefit from income taxes consists of the following:
			For The Nine			For The Nine			Cumulative
			Months Ended			Months Ended			From January 18,
			December 31,			December 31,			2011 (Inception)
			2013			2012			to December 31,
									2013
	Current Expense:
	Federal and State		$	-		$	-		$	-
	Deferred tax benefit:
	Federal and State			9,000			9,000			34,000
	Valuation allowance			(9,000	)		(9,000	)		(34,000	)
	Total		$	-		$	-		$	-
		The income tax benefit differs from the amount computed by applying the federal statutory income tax rate to the loss before income taxes due to the following:
			For The Nine			For The Nine			Cumulative From
			Months Ended			Months Ended			January 18,
			December 31,			December 31,			2011 (Inception)
			2013			2012			to December 31,
									2013
	Statutory federal income tax rate			(34	)%		(34	)%		(34	)%
	Valuation allowance			34	%		34	%		34	%
	Effective income tax rate			0	%		0	%		0	%

Common_Stock

Common Stock	9 Months Ended
	Dec. 31, 2013
Common and Preferred Stock [Abstract]	'
Common Stock	'
	Note 5 -	Common Stock
		On January 18, 2011, the Company authorized one hundred million (100,000,000) shares of common stock. On January 18, 2011, the Company received a subscription for five million (5,000,000) shares of common stock for $25,000 from the former President of the Company. (See note 7.)

Preferred_Stock

Preferred Stock	9 Months Ended
	Dec. 31, 2013
Common and Preferred Stock [Abstract]	'
Preferred Stock	'
	Note 6 -	Preferred Stock
		The Company is authorized to issue (10,000,000) shares of $.0001 par value preferred stock with designations, voting and other rights and preferences as may be determined from time to time by the Board of Directors of the Company.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Note 7 -	Related Party Transactions
		The Company utilizes the office space and equipment of its management at no cost.
		For the period January 18, 2011 (Inception) to March 31, 2012, professional fees of $13,735 were paid on behalf of the Company by Sunrise Financial Group Inc. (“SFG”). Since inception, SFG advanced the Company $34,000 for professional fees. The President of SFG was the Company’s former President and sole stockholder. As of December 31, 2013, the outstanding balance of $47,735 an additional for professional fees paid by SFG and amounts advanced to the Company are reported as loans payable - related parties. The amounts are unsecured, non-interest bearing and have no stipulated repayment terms.
		During the year ended March 31, 2012, the Company received a $6,694 loan from Putnam Hills Corp., whose sole stockholder is NLBDIT 2010 Services, LLC. As of December 31, 2013, the loan was repaid.
		On May 26, 2011, the former President resigned and the related subscription for common stock was cancelled. On May 26, 2011, NLBDIT 2010 Services, LLC, a company controlled by the former President, subscribed for five million (5,000,000) shares of common stock for $25,000. On December 23, 2013 the Company received payment of $25,000 for the common stock subscription.
		On June 3, 2011, the Company issued a Promissory Note payable (the “Note”) to NLBDIT 2010 Enterprises, LLC, a company controlled by the former President. The Note bears interest at 6% and is payable upon completion of a business combination with a private company in a reverse merger or other transaction after which the Company would cease to be a shell company. At December 31, 2013, the outstanding balance of $27,103 is reported as note payable - related party. The lender has agreed to forego all accrued and unpaid interest through August 20, 2012. At December 31, 2013, $1,471 of accrued interest related to this loan is reported as accounts payable and accrued expenses.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2013
Summary of Significant Accounting Policies [Abstract]	'
Basis of Presentation	'
		Basis of Presentation
		The accompanying interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted for interim financial statements presentation and in accordance with the instructions to Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statement presentation. In the opinion of management, all adjustments for a fair statement of the results of operations and financial position for the interim periods presented have been included. All such adjustments are of a normal recurring nature. The accompanying financial statements and the information included under the heading Management’s Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with the Company’s audited financial statements and related notes included in the Company’s Form 10-K as of March 31, 2013. Interim results are not necessarily indicative of the results for a full year.
Use of Estimates	'
		Use of Estimates
		The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the balance sheet and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash Equivalents	'
		Cash Equivalents
		The Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. There are no cash equivalents at the balance sheet dates.
Income Taxes	'
		Income Taxes
		The Company utilizes the accrual method of accounting for income taxes. Under the accrual method, deferred tax assets and liabilities are determined based on the differences between the financial reporting basis and the tax basis of the assets and liabilities and are measured using enacted tax rates and laws that will be in effect, when the differences are expected to reverse. An allowance against deferred tax assets is recognized, when it is more likely than not, that such tax benefits will not be realized.
		The Company recognizes the financial statement benefit of an uncertain tax position only after considering the probability that a tax authority would sustain the position in an examination. For tax positions meeting a “more-likely than-not” threshold, the amount recognized in the financial statements is the benefit expected to be realized upon settlement with the tax authority. For tax positions not meeting the threshold, no financial statement benefit is recognized. The Company recognizes interest and penalties, if any, related to uncertain tax positions in income tax expense. As of December 31, 2013, the Company has no accrued interest or penalties related to uncertain tax positions.
Loss Per Common Share	'
		Loss Per Common Share
		Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. The Company does not have any common shares outstanding or potentially dilutive instruments for each of the periods presented.
Emerging Growth Company	'
		Emerging Growth Company
		The Company is an “emerging growth company” and has elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(1) of the JOBS Act. This election allows us to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies.
Recent Accounting Pronouncements	'
		Recent Accounting Pronouncements
		Management does not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.

Income_Taxes_Tables

Income Taxes (Tables)	9 Months Ended
	Dec. 31, 2013
Income Taxes [Abstract]	'
Summary of benefit from income taxes	'
		For The Nine			For The Nine			Cumulative
		Months Ended			Months Ended			From January 18,
		December 31,			December 31,			2011 (Inception)
		2013			2012			to December 31,
								2013
	Current Expense:
	Federal and State	$	-		$	-		$	-
	Deferred tax benefit:
	Federal and State		9,000			9,000			34,000
	Valuation allowance		(9,000	)		(9,000	)		(34,000	)
	Total	$	-		$	-		$	-
Summary of effective income tax rate reconciliation	'
		For The Nine			For The Nine			Cumulative From
		Months Ended			Months Ended			January 18,
		December 31,			December 31,			2011 (Inception)
		2013			2012			to December 31,
								2013
	Statutory federal income tax rate		(34	)%		(34	)%		(34	)%
	Valuation allowance		34	%		34	%		34	%
	Effective income tax rate		0	%		0	%		0	%

Going_Concern_Details

Going Concern (Details) (USD $)	3 Months Ended			9 Months Ended		12 Months Ended		35 Months Ended
	Mar. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2013
Going Concern (Textual)	'	'	'	'	'	'	'	'
NET (LOSS)	($8,735)	($7,615)	($9,852)	($26,444)	($26,964)	($36,206)	($29,839)	($101,224)
Working capital	'	$76,000	'	$76,000	'	'	'	$76,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		9 Months Ended		35 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Current Expense:	'	'	'	'	'
Federal and State	'	'	'	'	'
Deferred tax benefit:	'	'	'	'	'
Federal and State	'	'	9,000	9,000	34,000
Valuation allowance	'	'	-9,000	-9,000	-34,000
Total	'	'	'	'	'

Income_Taxes_Details_1

Income Taxes (Details 1)	9 Months Ended		35 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Summary of effective income tax rate reconciliation	'	'	'
Statutory federal income tax rate	-34.00%	-34.00%	-34.00%
Valuation allowance	34.00%	34.00%	34.00%
Effective income tax rate	0.00%	0.00%	0.00%

Income_Taxes_Details_Textual

Income Taxes (Details Textual) (USD $)	9 Months Ended
	Dec. 31, 2013
Income Taxes (Textual)	'
Net operating loss carryforwards	$101,000
Net operating loss carryforward expiration period	'through 2033

Common_Stock_Details

Common Stock (Details) (USD $)	Dec. 31, 2013	Mar. 31, 2013
Common Stock (Textual)	'	'
Common stock, shares authorized	100,000,000	100,000,000
Common stock shares, Subscription received	5,000,000	5,000,000
Common stock value, Subscription received	'	$25,000

Preferred_Stock_Details

Preferred Stock (Details) (USD $)	Dec. 31, 2013	Mar. 31, 2013
Preferred Stock (Textual)	'	'
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, par value	$0.00	$0.00

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	0 Months Ended	9 Months Ended		35 Months Ended		9 Months Ended
	Jun. 03, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Mar. 31, 2012
						Sunrise Financial Group [Member]	Putnam Hills Corp [Member]	Putnam Hills Corp [Member]
Related Party Transaction (Textual)	'	'	'	'	'	'	'	'
Professional fees paid by related party on behalf of the Company	'	'	'	$13,735	'	$34,000	'	'
Loans payable - related parties	'	47,735	'	47,735	54,429	47,735	6,694	6,694
Note payable - related party	'	27,103	'	27,103	20,000	'	'	'
Additional Borrowing	'	5,000	'	5,000	'	'	'	'
Common stock value, Subscription received	'	'	'	'	25,000	'	'	'
Common stock shares, Subscription received	'	5,000,000	'	5,000,000	5,000,000	'	'	'
Interest rate on notes payable to related party	6.00%	'	'	'	'	'	'	'
Accrued expenses and other current liabilities	'	$1,471	'	$1,471	'	'	'	'